May 19, 2009 (FinancialWire) — The Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) board has approved a three-for-two stock split to be effected in the form of a stock dividend.

The company will distribute one additional share of its common stock to all shareholders of record at the close of business on May 29 for every two shares of common stock held on that date. The shares will be distributed on June 8.

According to Green Mountain, the company’s common stock will begin trading on a split-adjusted basis on June 9, at the June 8 closing price divided by 1.5.

Waterbury, Vermont-based Green Mountain Coffee Roasters produces coffee, tea and hot cocoa under brands including Tully’s Coffee, Green Mountain Coffee and Newman’s Own Organics coffee.

The company’s Keurig unit is a manufacturer of single-cup brewing systems.

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